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IL&FS Engineering defaults on redemption of preference shares

IL&FS Engineering and Construction Company has defaulted on redemption of preference shares worth Rs 39.5 crore in favour of Vistra ITCL (India). The due date of redemption was September 30. Default on the redemption is with respect to non-convertible redeemable cumulative preference shares and optionally convertible preference shares.

IL&FS Engineering and Construction Company is one of the leading multi-national Infrastructure Development, Construction and Project Management companies with nearly three decades of rich and varied experience in executing landmark projects.

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